Elo Mutual Pension Insurance Co Decreases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Elo Mutual Pension Insurance Co trimmed its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,708 shares of the specialty retailer’s stock after selling 1,118 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Lamb Weston were worth $782,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its stake in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Lamb Weston during the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in Lamb Weston in the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Lamb Weston in the 4th quarter worth $47,000. Finally, Advantage Trust Co purchased a new position in shares of Lamb Weston during the 4th quarter worth $53,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Stock Up 0.1 %

Shares of LW opened at $53.95 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a market capitalization of $7.70 billion, a PE ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76. The company’s 50-day simple moving average is $55.73 and its 200-day simple moving average is $65.88. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $105.55.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.74%. Lamb Weston’s dividend payout ratio is presently 58.50%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. StockNews.com raised Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.55.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.